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Recently, Zacks.com users have shown a lot of interest in Constellation Energy Corporation (CEG). As a result, it's important to understand the factors that could affect the stock's future performance.
The restart of Three Mile Island could be a significant moment for the nuclear industry, which previously dealt with many plant shutdowns because of financial issues. This year, the industry's situation has changed greatly as the technology sector is looking to nuclear power to supply the electricity needed for artificial intelligence.
Here are three AI stocks to consider buying during the current dip, excluding Nvidia: Taiwan Semiconductor, Constellation Energy, and Micron.
Constellation Energy Corporation's stock has experienced fluctuations because of regulatory worries, but the demand for power is increasing. The company is expanding its capacity by restarting and upgrading plants and expects to see a 13% annual growth in operating earnings until 2030. Concerns about policy effects appear to be unfounded, as there is bipartisan backing for nuclear energy and a rising need for data centers.
Lately, users of Zacks.com have been focusing on Constellation Energy Corporation (CEG). This interest prompts a closer look at what the stock might offer.
TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Cerro Grande Mining Corporation (the “Company” or “CEG”) (CSE:CEG) has announced that Mario Hernandez has chosen to resign from the Board of Directors and all other roles within CEG after many years of service. Mr. Hernandez has been a Board member since 1997, offering valuable support and guidance to the Company throughout his tenure. The Board expresses its gratitude to Mr. Hernandez for his long and committed service and wishes him well in the future.
Constellation Energy Corporation (NASDAQ:CEG) will hold its Q3 2024 Earnings Conference Call on November 4, 2024, at 10:00 AM ET. The call will feature company representatives, including Emily Duncan, Joseph Dominguez, and Daniel Eggers, along with analysts from various financial firms. Currently, all participants are in listen-only mode.
U.S. stocks were down in the middle of the trading session, with the Dow Jones index dropping over 200 points on Monday.
The main reason to support Constellation Energy stock has now turned into a disadvantage.
Constellation Energy Corporation (CEG) reported quarterly earnings of $2.74 per share, which is higher than the Zacks Consensus Estimate of $2.72 per share. This is an increase compared to earnings of $2.26 per share from the same time last year.
What type of business is Constellation Energy?
Constellation Energy Corporation generates and sells electricity in the United States. It operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company sells natural gas, energy-related products, and sustainable solutions. It has approximately 33,094 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland.
What sector is Constellation Energy in?
Constellation Energy is in the Utilities sector
What industry is Constellation Energy in?
Constellation Energy is in the Renewable industry
What country is Constellation Energy from?
Constellation Energy is headquartered in United States
When did Constellation Energy go public?
Constellation Energy initial public offering (IPO) was on 19 January 2022
What is Constellation Energy website?
https://www.constellationenergy.com
Is Constellation Energy in the S&P 500?
Yes, Constellation Energy is included in the S&P 500 index
Is Constellation Energy in the NASDAQ 100?
Yes, Constellation Energy is included in the NASDAQ 100 index
Is Constellation Energy in the Dow Jones?
No, Constellation Energy is not included in the Dow Jones index
When was Constellation Energy the previous earnings report?
No data
When does Constellation Energy earnings report?
The next expected earnings date for Constellation Energy is 27 February 2025